Fair? It should probably be retitled MY REALLY HOT LADY.

Keira Knightley has signed on to play Eliza Doolittle in MY FAIR LADY...but where? On stage or on the screen? Or will they skip both and go straight to the merchandise (How about a Keira Knightley "Eliza" chocolates or lunch box or trading cards?

Do you think she can hit that really high note in "I Could Have Danced All Night?" If not, will she have the good sense to be dubbed?

According to this article in Broadwayworld.com:

According to the London News Telegraph, Oscar-nominated actress Keira Knightley -- a self-professed fan of musicals -- will play the feisty Cockney flower girl tutored by Henry Higgins in MY FAIR LADY.

"Knightley...is said to be 'thrilled' at the prospect of taking the role made famous on film by Audrey Hepburn in the 1960s," states the article. Cameron Mackintosh -- who was also behind the hit 2001 London revival starring Martine McCutcheon and Jonathan Pryce -- will produce, and that same production's director Trevor Nunn will helm the new MY FAIR LADY.

However, both are as of yet unsure whether they will be taking on MY FAIR LADY as a stage production or as a movie musical. Knightley -- who will soon be meeting with the Mackintosh's musical director and who was seen "studying the script madly" while filming Pirates of the Caribbean 2 in the Bahamas -- is reportedly prepared to star in MY FAIR LADY on either stage or screen.

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